eBay buys NFT platform KnownOrigin

eBay acquires KnownOrigin

The e-commerce giant eBayformalized the acquisition of the non-fungible token (NFT) platform this week Known Origin

Founded in 2018 by 3 entrepreneurs from Manchester, this platform is essentially focused about artistic NFTs† It is present on the Ethereum (ETH) blockchain.

According to Jamie Iannone, the acquisition of KnownOrigin is a logical step in the evolution of the company. Indeed, this one sees in the NFTs, a collection category in itself

“eBay is the preferred choice for people around the world looking for that perfect complement […] to their collection and with this acquisition, we continue to be a leading site as our community continues to add more digital collectibles. †

👉 To continue – Find our guide to buying your first cryptocurrencies

A strong Web3 transition

If the amount of the transaction has not been communicated, it is not surprising that the American company proceeds with such an acquisition. In fact, the platform allows the purchase and sale of NFT since May 2021† In addition, we learned last month that she officially launched her first collection, themed by hockey player Wayne Gretzky.

The KnownOrigin platform, in turn, was also satisfied with this acquisition by eBay. It emphasizes on this occasion the will of the latter to accelerate your transition to Web 3.0

“At our meetings, they impressed us with their enthusiasm to learn, adopt and immerse themselves in Web3. We truly believe this will help attract even more creators and collectors to space, it will help educate and inspire us [les futurs] creators. †

Thanks to this operation, eBay offers itself expertise in the NFT sector† Given the company’s regular announcements, there’s no doubt that it doesn’t intend to stop there as it moves towards our ecosystem’s technologies.

👉 Also in the news – Ledger unveils its NFT marketplace and enriches its services

Source: Press release

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About the author : Vincent Mayor

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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially moderately invested, it was only two years later that I took the risk to bet everything on the movement that was taking shape at the time. Then I dedicate 2021 to training myself better to gain more knowledge and seriousness. As I often say, I still have a billion things to learn. And what I do know, I want to share with you.
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